Judge Rejects Class Certification In Lawsuit Over Mt. Gox Hack
In the latest legal development around victim attempts to recover funds from bitcoin exchange Mt. Gox, a judge denied class certification.In the latest legal development around the 2014 hack of Mt. Gox, perhaps the most notorious bitcoin exchange event in history, a federal judge in the U.S. has rejected a bid for class certification from victims.“An Illinois federal judge … rejected a bid for class certification from customers of defunct Japanese bitcoin exchange Mt. Gox, saying it’s not reasonable to conclude that 30,000 putative class members shared the lead plaintiff’s interpretations....
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The move awards another victory to former Mt. Gox CEO Mark Karpeles. A federal judge has rejected a bid for class certification from clients of the defunct Japanese Bitcoin exchange Mt. Gox, which was forced into bankruptcy in 2014 following a major hack.Judge Gary Feinerman made the declaration in the U.S. District Court for the Northern District of Illinois on Tuesday, June 22 saying it would require 30,000 "mini-trials” to find otherwise.The move handed a victory to former Mt. Gox CEO Mark Karpeles, who has argued that a compensation plan in Japan would serve better than litigation in....
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